Search results

no, xcoll in that scenario would offer them absolutely no further comfort, the LVR and the TAE would no change, so the fundamentals of the deal dont. I cant see any reason would they cosider that any differently ? Where you MIGHT have some success with that is by crossing you are lowering...

Bing Lee coined " Everything is negotiable", but its actually not so. While you can wangle your way out of some fees and obtain a lower rate etc, this is based on the premise that the lender will actually make an offer of a loan. Getting back on topic for a moment, either a lender will want...

Some do have a look at this , but at 80 % isnt usually a major issue for the new or additional lender Obviously the lower the better. ta rolf

No, in fact the opposite is usually true. many lenders have concerns when your TAE ( Total aggregate exposure) to them goes beyond a certain limit. That varies from lender to lender, and the borrower profile. We find that having your exposure spread in the right proportions AND at the right...

Being technically crossed with things like all monies, and being actually crossed with having provided properties as crossed securities are a diff kettle of fish. In the days of the securitised lenders fight agains the banks, the big sales tool for them was dont use the banks coz they have an...

4 loans to 4 lenders to pull equity to 80 % lvr, then take that bundle of cash to buy your new place with lender 5 A bit extreme I suppose, but juts working off your example. The buying power there is no different than taking the 4 places to one lender and getting one loan. The CRAA and...

Hi JIT Im confused as to why youd need to jump through LMI hoops if you are holding your overall portfolio to 80 %, which is what your post implies. Unless the places you are buying are very country, singularly very valuable, or somehow else different, or you are uisng securitised lending...

Hiya There is a distinct lack of logic in this concept (cross the lot) in todays lending market. You can either get LMI or you can not, and 80 % is 80 % is 80 %. Rarely does xcoll give your greater leverage, though not impossible. if you are suggesting that your lender will provide more than...